AKASIA GRAVSTELL AS: årsregnskap 2018 vs 2017
Grew 15% on revenue, weaker earnings, cash halved-plus
approved 2019-06-05; registry 2019-06-29; journal 2019 553206
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKASIA GRAVSTELL AS. Revenue 44.75m NOK → 51.24m NOK (+14.5%). Net result +2.25m NOK → +163.4k NOK. Equity 200.6k NOK → 202.3k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; cogs moved. All figures are taken from the published annual accounts for AKASIA GRAVSTELL AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 44.75m NOK to 51.24m NOK (+14.5% YoY). Calculated
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Equity strengthened
Book equity 200.6k NOK → 202.3k NOK (equity ratio 0.5% → 0.5%). Calculated
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Payroll decreased
Salary cost 18.90m NOK → 18.66m NOK (42% → 36% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2.19m NOK → -488.0k NOK (op. margin 4.9% → -1.0%). Calculated
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↓
Net result weakened
Net result +2.25m NOK → +163.4k NOK (net margin 5.0% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 5.26m NOK → 1.80m NOK (-65.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.26m NOK → 1.80m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 8.92m NOK → 16.20m NOK (+81.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 26.34m NOK → 24.69m NOK. Reported fact